PPP Loan information for Utec, inc.

$843,000

Utec, inc. was initially approved for PPP Loan of amount $843,000, the current approved amount is $843,000. The loan was approved on 04/03/2020 by The Pentucket Bank reported 87 jobs and $843,000 was used to fund payroll.

Utec, inc. is Existing or more than 2 years old

PPP Loan Search / MA / LOWELL / Utec, inc.

UTEC, INC.

Date Approved

04/03/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

UTEC, INC.

Borrower Address

35 Warren St.

Borrower City

LOWELL

Borrower State

MA

Borrower Zip

01852-2225

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

843000.00

Current Approval Amount

843000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32855

Servicing Lender Name

Pentucket Bank

Servicing Lender Address

1 Merrimack St

Servicing Lender City

HAVERHILL

Servicing Lender State

MA

Servicing Lender Zip

01830-6231

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LOWELL

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01852-2225

CD

MA-03

Jobs Reported

87

NAICS Code

624110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

105375.00

Payroll Proceed

632250.00

Mortgage Interest Proceed

0.00

Rent Proceed

105375.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

32855

Originating Lender

Pentucket Bank

Originating Lender City

HAVERHILL

Originating Lender State

MA

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

850727.50

Forgiveness Date

03/08/2021

;